Latest Mortgage News
Moveme.com urges Government to act over economy
Crippling job cuts and billions lost in revenue have failed to galvanise the Government into action to save the biggest strain on the UK economy since the 1990s, according to Moveme.com. ...
Nationwide cuts rates on fixed and tracker deals
Nationwide Building Society has cut the price of some of its fixed rate and tracker mortgage deals by up to 0.27%. ...
OneSearch Direct slams postcode lottery
Thousands of home sellers are waiting up to 120% longer than a year ago - as much as 24 days more - for essential information relating to the purchase of their property, research from OneSearch Direct has revealed. ...
TMA unveils Abbey three-year semi-exclusive
The Mortgage Alliance (TMA) has launched a three-year semi-exclusive fixed rate product funded by Abbey for Intermediaries. ...
CII research shows public open to Money Guidance
A national money guidance service of the sort proposed by the Thoresen Review would provide practical help for consumers, according to a report published today by the Chartered Insurance Institute (CII). ...
B&B launches enlarged rights issue, after TPG withdraws
Texas Pacific Group (TPG) has pulled out of its agreement to purchase 23% of troubled bank Bradford & Bingley (B&B) for £179m, causing the bank to launch an enlarged rights issue of approximately £400m. ...
Mayfair Bridging increases its distribution channels
Creative Mortgage Solutions based in Chester has been handpicked to package for Mayfair Bridging. ...
Mortgage 2000 packager closing to new business
Mortgage 2000 has confirmed that from 5pm on Monday, its packaging business M2 d&p will be closed to new business, though it will continue to conduct soft packaging via its Castermaster technology. ...
Nationwide unveils first broker sales force
Nationwide Building Society has launched its first ever broker sales force in a bid to strengthen its presence in the intermediary market. ...
Default rates higher than expected - BoE
The Bank of EnglandÂ’s Credit Conditions Survey for the second quarter has revealed default rates have risen over the past three months, and by more than lenders expected. ...
Woolwich pulls £199 internal remortgage service
Following the introduction of Further Advances for Openplan Flexible Mortgages last year, Woolwich has withdrawn its £199 internal remortgage service, though the lender has confirmed there are still some cases when it will be available. ...
Average FTB has an equity cushion of 19%
Research from GE Money Home Lending has claimed homeowners who purchased property, with an average deposit and on an interest only basis, as recently as last year, have a cushion of equity which would mean their house price would need to fall by a fifth (19%) before they would experience negative equity. ...
Investec increases its mortgage lending by 45%
Investec Private Bank has revealed that during the last three months its residential mortgage lending increased by 45% when compared to the same period last year. ...
Positive Solutions opens new office
Positive Solutions, a national IFA owned by Aegon, has opened a new office in Plymouth. ...
Borrowers turn to personal loans to meet housing costs
Rising mortgage or rental costs have forced 7% of people to take out a personal loan in the past year, according to research from price comparison site Moneysupermarket. ...
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